Dong Energy, a leading North European energy group headquartered in Denmark, has divested its bioethanol activities to an independent company named Inbicon. The aim is to become a leading player in pre-processing biomass for 2nd generation bioethanol production, writes professional journal Ingeniøren (The Engineer).
Inbicon will develop and sell its pre-processing technology to companies abroad as well as managing the construction of Dong Energy's bioethanol demonstration plant in Kalundborg on the island of Zealand.
Knud Pedersen, deputy director of Dong Energy says the divestment will make it easier to focus on developing Inbicon's technology. "We will create a greater degree of freedom and greater focus, thereby creating the largest possible return on investment from our efforts." Pedersen also says that an independent company enables strategic partners to become joint owners of the technology development.
Initially Inbicon will be a development company employing 50 people, of whom half will be engaged in technology development while the rest will manage the construction of a 2nd generation bioethanol demonstration plant, to be built in association with Asnæs Power Station in Kalundborg. The plant is scheduled for completion by December 2009 when Denmark hosts the UN Climate Change Conference in Copenhagen.
Niels Henriksen, managing director of Inbicon says the company already has interested customers: "Our technology is unique and we have worked for a long time to optimise it so that we can now reach a very high content of solid in the processed biomass. We can actually reach 30-40% compared to our competitors' 15%."
Dong Energy was founded in 2006 as the result of a merger of six Danish energy companies - Dong, Elsam, Energi E2, Nesa, Copenhagen Energy’s power activities and Frederiksberg Forsyning. Dong Energy employs approx 5,100 people and in 2007 generated revenues of DKK 41.6bn (USD 8.8bn).